Hindustan Unilever Ltd. is now resting at its Weekly trendline with another trendline confluencing at same levels of around 820-ish as of now. This is a very good level to go long with a stop below the trendline on a closing basis (but remember, this is a weekly chart, so weekly closing).
This is a cash chart and weekly, so short term traders should weigh all options actually before going long (drawdowns can affect rational thinking).
As you see, the RSI too – all dips on the price match the dips on RSI as well as the RSI Supportive TL.
Lets see what happens from hereon.
Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only